Filing Flows › Albany International (AIN) › Q1 2026
Albany International (AIN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Albany International (AIN) reported revenue of $311M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -3% from the quarter before. Operating margin was 8.1%, net earnings $15.4M (5.0% of revenue).
Albany International, Q1 2026: revenue $311M (+8% year over year), operating margin 8.1%, net earnings $15.4M, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $311M | -3% | +8% |
| Gross profit | $99.8M | -0.1% | +3% |
| Operating profit | $25.4M | -15% | -10% |
| Net earnings | $15.4M | +10% | -11% |
| Operating cash flow | $5.6M | -92% | +166% |
What changed
Revenue was $311.3M in Q1 2026, up 8% year over year and down 3% from the previous quarter. Machine Clothing was the largest line at 53% of revenue. Other AEC added $23.1M year over year (up 31%), 102% of the total change. Machine Clothing declined 5%.
Gross margin was 32.1%, down 1.4 points from Q1 2025. Operating profit was $25.4M, a 8.1% margin (down 1.6 points year over year). Operating profit fell $2.9M even though revenue rose $22.6M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $15.3M, down 12% year over year. The effective tax rate was 33.1%.
Operating cash flow was $5.6M (up 166% year over year), 37% of net earnings. Non-cash charges added back $17.1M of depreciation and amortization. Working capital and other items used $26.9M. Capital expenditures of $9.3M exceeded it, leaving free cash flow of −$3.6M.
Questions
What was Albany International's revenue in the first quarter 2026?
Albany International (AIN) reported revenue of $311M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -3% from the quarter before.
Was Albany International profitable in the first quarter 2026?
Operating profit was $25.4M (8.1% of revenue) and net earnings $15.4M.